India microfluidics market is
expected to register robust CAGR during the forecast period as the country is
witnessing high prevalence of chronic diseases, which is leading to increased
demand for point-of care and in-vitro diagnostics. Several factors including technological advancements
in healthcare sector and growing investment by government for R&D
activities are propelling the growth of this market. Furthermore, development
of advanced lab-on-a-chip technologies is supporting the growth of India microfluidics market.
Microfluidics help in conducting
controlled and precise experiments at
lower cost and faster pace. The growing need for data precision & accuracy
is leading to spike in demand for microfluidics. Moreover, wide application of
microfluidics in tissue engineering, pathogen detection in human/animals and
point-of-care analysis are expected to accelerate the market growth through
2025. However, lack of skilled technicians and issues regarding regulatory
requirement might hamper India microfluidics market growth.
India microfluidics market can be
segmented based on component type, material, application, sector, end
user and region. Based on component type, the market is categorized into
microfluidic chips, microfluidic sensors, microfluidic pumps, microneedles and
others. Among them, microfluidic chips are anticipated to register highest
growth during the forecast period owing to growing preference for personalized
medicine and need for high-speed diagnostics.
Based on application, India microfluidics
market is categorized into in vitro diagnostics, pharmaceutical research and drug
delivery. The in vitro diagnostics segment is further split into point-of-care
testing, clinical diagnostics, environmental testing, industrial testing and agro
food testing. Similarly, the pharmaceutical research segment is split into lab
analytics, microdispensing, microreaction and drug delivery segment is split
into inhaler nozzles, microneedles & micropumps. Among them, the in virto diagnostics segment
is anticipated to undergo significant growth during the forecast period owing
to rising demand for miniaturized and portable diagnostic equipment.
Major companies operating in India
microfluidics market include Parker-Hannifin Corporation, SMS Corporation,
Becton Dickinson Pvt Ltd, Roche Diagnostics India Private Limited, Bio-Rad
laboratories India Pvt.Ltd, Murata Manufacturing Co Ltd, Danaher Corporation,
Thermo Fisher Scientific Inc, Perkin Elmer Inc and Abbott Laboratories, among
others. The manufacturers are investing on new product launches to enhance
their product portfolio and increase their market share in India.
considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
Objective of the Study:
- To analyze and forecast the market size of India microfluidics market.
- To forecast India microfluidics market based on component type, material, application,
sector, end user, company and regional distribution.
- To identify drivers and challenges for India microfluidics market.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions etc. in India microfluidics market.
- To identify and analyze the profile of leading players operating in
the India microfluidics market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of microfluidic manufacturing companies across India.
Subsequently, TechSci Research conducted primary research surveys with the
identified companies. While interviewing, the respondents were also enquired
about their competitors. Through this technique, TechSci Research could include
the companies which could not be identified due to the limitations of secondary
Research calculated India microfluidics market size using a bottom-up approach,
where data for various end user industries and its application across various
product types were recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also
used by TechSci Research.
- Microfluidic manufacturers, companies/partners,
hospitals/ clinics and other stakeholders
- Government bodies such as regulating authorities
and policy makers
- Organizations, industry associations, forums
and alliances related to microfluidics
- Market research and consulting firms
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as microfluidic
manufacturing companies, end users etc., besides allowing them in strategizing
investments and capitalizing on market opportunities.
In this report, India microfluidics market has been
segmented into following categories, in addition to the industry trends which
have also been detailed below:
- India Microfluidics Market, By Component Type:
- India Microfluidics Market, By Material:
- India Microfluidics Market, By Application:
- In Vitro diagnostics
- Point-of-Care Testing
- Clinical Diagnostics
- Environmental Testing
- Industrial Testing
- Agro Food Testing
- Pharmaceutical Research
- Lab Analytics
- Drug Delivery
- Inhaler Nozzles
- India Microfluidics Market, By Sector:
- India Microfluidics Market, By End User:
- Industrial R&D
- Research Laboratories
Microfluidics Market, By Region:
- North India
- South India
- East India
- West India
Company Profiles: Detailed analysis of the major
companies present in India microfluidics market.
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
- Detailed analysis and profiling of
additional market players (up to five).
Profit Margin Analysis
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- Profit margin analysis in case of
direct and indirect sales channel.